Double punches on global auto-makers

Posted: March 2, 2010 in Uncategorized

Not only badly beaten by the global crisis, where some of us may remember the drama that US autocar-maker created last year crying for help over the bailout funds, apparently the storm for them has not ended yet. Several automaker recalling their products from the market!!

Lets check the facts :

  1. September 2009 – Toyota said it would recall ~3.8 Mn cars from US due to its floor mat that they worry can come loose and force down accelerator. Its suspected in an accident that have killed five people.
  2. October 2009 – Ford doing a recall rally impacting ~14 Mn (the last call was ~4.5 Mn alone!!) vehicles due to a problematic cruise control deactivation switch.
  3. January 2010 – Toyota recall 5.6 Mn cars in US because of sudden acceleration. Its recorded as one of the biggest recall ever in US history!!
  4. Honda recalled 646 K of its Fit/Jazz and city globally due to faulty window switch
  5. France’s Peugeot Citroen recalled nearly 100K of peugeot 107 and Citroen C1 made in Czech where Toyota and PSA jointly made cars.
  6. Feb 2010 – Toyota again recall its cars! 437K of Prius, Sai and Lexus hybrid globally.
  7. Honda also recall another 438K cars globally to replace an airbag deflator that could rupture.
  8. Nissan also following the other Japanese automaker unnecessary step by recalling its 76.4 K cars across 10 models in Japan and 2.2 K overseas due to potential defect resulting in engine failure
  9. Suzuki motor also will recall 432.36 K unit after fire accident due to AirCon defect.
  10. Daihatsu recall 60.7 K unit of minicar model due to its wiring problem
  11. And then… GM says its recalling 1.3 Mn compact cars model : Pontiac G5 & Chevy Cobalt 2005-2010, Pontiac Pursuit 2005-2006, and Pontiac G4 2005-2006 in Mexico.

So yeah.. What the heck is happening in our dearest autocarmaker????

Is this a result of high pressure for them to create money as much and as fastest as possible, keep continuing the cash flow? So that somehow.. somehow.. the defects are going undetected and they already launched the products too fast to the market??? This punch definitely not going to bring them anywhere near pra-crisis situation.. In fact, this just worsen their wound….

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